Financial education programs are increasingly offered by governments, nonprofits, and financial institutions. However, voluntary participation rates in such programs are often very low, posing a severe challenge for randomized experiments attempting to measure their impact. This study uses a...

This note shows how big data can help combine experimental with non-experimental approaches in impact evaluations when take-up is low. In this study, author have access to a large administrative data set (of 660 MB), which follows the monthly financial indicators of each client for up to 18...

Financial education programs are increasingly offered by governments, nonprofits, and financial institutions. However, voluntary participation rates in such programs are often very low, posing a severe challenge for randomized experiments attempting to measure their impact. This study uses a...

We conduct randomized experiments around a large-scale financial literacy course in Mexico City to understand the reasons for low take-up among a general population, and to measure the impact of this financial education course. Our results suggest that reputational, logistical, and specific...

Financial education programs are increasingly offered by governments, nonprofits, and financial institutions. However, voluntary participation rates in such programs are often very low, posing a severe challenge for randomized experiments attempting to measure their impact. This study uses a...

This paper investigates the effect of the introduction of tax free retirement accounts on the savings behavior of Mexican households. The paper contributes empirical evidence to the debate about whether preferential tax treatment is an effective policy tool to encourage household savings.The...

Take-up of voluntary financial education programs is typically extremely low. This paper reports on randomized experiments around a large financial literacy course offered in Mexico City to understand the reasons for low take-up, and to measure the impact of financial education. It documents...